Run a Stonegate Pub - Old Malt Shovel Newark Newark, Nottinghamshire

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About the Pub

The Old Malt Shovel is a spacious, old character pub located on a prominent main road into Newark from Lincoln. The pub is traditionally decorated with two log burning fires which are lit in the colder months creating a cosy feel. There is a single servery in the attractive, traditional bar with an open plan trading area which leads through to an extension at the rear. This space creates the restaurant area, has seating for approximately 30 diners and has previously been utilised for small functions. The business has historically offered a selection of live music including jazz and folk music which should be re-implemented in order to create further revenue. The pub also boasts a fully equipped trade kitchen is capable of producing a substantial food offer. There is also a basement cellar with ample space for a cask ale selection which has proved very popular in the past, having had strong connections with CAMRA. To the rear of the pub, just off the restaurant is a small patio and backyard with seating benches, perfect for drinking during the warmer months.

Business Information

Agreement: Beacon Retail Partnership Tenancy
"agreementTypeMarketingName":"Beacon Retail Partnership Tenancy","approvalDate":"2023-08-01T10:48:33","atAGlanceAttribute1":"Community pub with cosy and traditional décor","atAGlanceAttribute2":"Trade kitchen perfect for developing a food offer","atAGlanceAttribute3":"Previously popular for its live music and jazz","atAGlanceAttribute4":"Three-bedroom private accommodation ideal for a family","atAGlanceAttribute5":"Area available for functions","capitalStartUp":0,Fixtures / Fittings: Est. £8000
Guide Rent: £14000 pa
Potential Turnover: £199115 pa

Regional Manager's Thoughts

The current customer base comprises of mature males during the day who enjoy the cask ales on offer. In the evenings and at weekends, the clientele is mixed with a wider range of ages. This business would suit an enthusiastic first-time publican who will need to continue the value for money food and drinks offer, whilst offering a broad range of entertainment throughout the week.

Surrounding Area

Newark-on-Trent is a market town in Nottinghamshire with a population of over 27,000 which stands on the River Trent and is serviced by the A1 and East Coast Main Line railway. The town originally grew around Newark Castle and the large marketplace which was a centre for the wool and cloth trade and is now lined with historic buildings. The Old Malt Shovel is located on the outskirts of the town centre close to Morrisons along with other shops and small businesses.

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